The project frankly looks like a fraud at the state level and has nothing to do with the crypto industry. Fully centralized network with total government control. Of course, tokens are not backed by any oil.
I wouldn't tend to be so quick in your comment about this. Let it grow, have a cup of tea and then judge again

People who receive these tokens will immediately sell them, without understanding anything about crypto currency. I do not think that people in poor Venezuela are aware of the technology of blockchain. I doubt that there will be growth ..